Average rents across the UK rose to £1,369 in July, according to the latest HomeLet Rental Index. This represents a 1.2% increase from June's average of £1,353, and a 4.3% rise compared to a year earlier.
Greater London continued to record the strongest annual growth, with average rents reaching £2,207 per month. This is up 1.2% from June and marks a 6.0% increase over the past 12 months.
Excluding Greater London, average rents across the rest of the UK increased to £1,170. This figure reflects a 1.1% monthly rise and annual growth of 3.4%.
Rental growth remained widespread across the UK, with 11 of the 12 regions experiencing month-on-month increases in July. Scotland recorded the largest monthly rise at 2.6%, followed by the South East at 1.4%, and both the North East and North West at 1.3%. Northern Ireland was the only region to see a monthly decline, with average rents falling by 0.5%.
Beyond London, the East Midlands recorded the strongest annual growth at 4.7%, followed by Scotland at 4.1% and the North East at 4.0%. Mike Dawson, head of sales at HomeLet and Let Alliance, commented that the figures reinforce "a market where demand for good‑quality rental homes remains consistently strong."